Kelly J. Morgan - Aug 27, 2021 Form 4 Insider Report for SYKES ENTERPRISES INC (SYKE)

Role: Chief Customer Officer
Signature: /s/ James T. Holder, attorney-in-fact for Kelly J Morgan
Stock symbol: SYKE
Transactions as of: Aug 27, 2021
Transactions value $: $0
Form type: 4
Date filed: 8/30/2021, 02:50 PM
Previous filing: Jul 1, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SYKE	Common Stock	Disposed to Issuer	$0	-49.6K	-100%	$0.00^*	0	Aug 27, 2021	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Kelly J. Morgan is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Sykes Enterprises, Incorporated (the "Company") entered into an Agreement and Plan of Merger dated as of June 17, 2021 (the "Merger Agreement"), by and among the Company, Sitel Worldwide Corporation, a Delaware corporation ("Parent") and Florida Mergersub, Inc., a Florida corporation and a wholly-owned subsidiary of Parent ("Merger Sub"). On August 27, 2021, Merger Sub merged with and into the Company, the separate corporate existence of Merger Sub ceased and the Company survived the merger as a direct wholly owned subsidiary of Parent. Pursuant to the terms of the Merger Agreement, each share of Company common stock, restricted stock unit and performance stock unit that was outstanding as of the closing of the merger was converted into the right to receive an amount in cash equal to $54.00, without interest and is subject to any applicable withholding taxes.
F2	Represents (i) 7,547 shares of Common Stock, (ii) 10,774 restricted stock units, (iii) 31,151 performance stock units, and (iv) 122 vested shares as part of the Executive Deferred Compensation Plan held by the Reporting Person. In connection with the closing of the transactions contemplated by the Merger Agreement, each share of Common Stock held by the Reporting Person and each share of Common Stock underlying a restricted stock unit, performance stock unit or vested shares from the Deferred Executive Compensation Plan subject to time-based vesting that was outstanding as of the closing of the merger was converted into the right of the Reporting Person to receive a cash payment of $54.00, without interest and subject to any applicable withholding taxes.

Content

Sykes Enterprises, Incorporated (the "Company") entered into an Agreement and Plan of Merger dated as of June 17, 2021 (the "Merger Agreement"), by and among the Company, Sitel Worldwide Corporation, a Delaware corporation ("Parent") and Florida Mergersub, Inc., a Florida corporation and a wholly-owned subsidiary of Parent ("Merger Sub"). On August 27, 2021, Merger Sub merged with and into the Company, the separate corporate existence of Merger Sub ceased and the Company survived the merger as a direct wholly owned subsidiary of Parent. Pursuant to the terms of the Merger Agreement, each share of Company common stock, restricted stock unit and performance stock unit that was outstanding as of the closing of the merger was converted into the right to receive an amount in cash equal to $54.00, without interest and is subject to any applicable withholding taxes.

Represents (i) 7,547 shares of Common Stock, (ii) 10,774 restricted stock units, (iii) 31,151 performance stock units, and (iv) 122 vested shares as part of the Executive Deferred Compensation Plan held by the Reporting Person. In connection with the closing of the transactions contemplated by the Merger Agreement, each share of Common Stock held by the Reporting Person and each share of Common Stock underlying a restricted stock unit, performance stock unit or vested shares from the Deferred Executive Compensation Plan subject to time-based vesting that was outstanding as of the closing of the merger was converted into the right of the Reporting Person to receive a cash payment of $54.00, without interest and subject to any applicable withholding taxes.